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11504 W 183rd St
Orland Park, IL 60467

$395,000 USD

Medical Condo For Sale  •  2,000 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,000 SF
  • Lot Size 0.37 AC
  • Building Class B
  • Year Built 2006
  • Tenancy Multiple
  • Zoning B2
20 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit NW Office 2,000 SF $395,000 USD
  • Unit Size: 2,000 SF
  • Condo Use: Office
  • Price: $395,000 USD
  • Sale Type: Investment
  • Price/SF: $197.50 USD
Description
2,000 SF suite features 3 private offices, a welcoming waiting area with a fireplace, a reception area, and open workspace. The unit is currently leased to a strong tenant through 2/28/2028. Recent improvements include: fresh paint throughout, new flooring, updated bathroom fixtures and toilet, and modern LED lighting-creating a truly turnkey investment opportunity! Low Will County Taxes with a 9% CAP RATE

Sale Notes
Beautifully built-out, fully renovated, and income-producing office condo now available for sale in the highly desirable Orland Park Business Center! This 2,000 SF suite features 3 private offices, a welcoming waiting area with a fireplace, a reception area, and open workspace. The unit is currently leased to a strong tenant through 2/28/2028, providing immediate and stable cash flow. The space has been completely upgraded with fresh paint throughout, new flooring, updated bathroom fixtures and toilet, and modern LED lighting-creating a truly turnkey investment opportunity! Additional highlights include a new roof (2021), updated landscaping throughout the complex, plenty of parking and LOW WILL COUNTY TAXES! With a strong 9% CAP rate, this is an attractive opportunity for both seasoned investors and those looking to enter the commercial market with a stabilized, income-producing asset.

Description 

Beautifully built-out, fully renovated, and income-producing office condo now available for sale in the highly desirable Orland Park Business Center! This 2,000 SF suite features 3 private offices, a welcoming waiting area with a fireplace, a reception area, and open workspace. The unit is currently leased to a strong tenant through 2/28/2028, providing immediate and stable cash flow. The space has been completely upgraded with fresh paint throughout, new flooring, updated bathroom fixtures and toilet, and modern LED lighting-creating a truly turnkey investment opportunity! Additional highlights include a new roof (2021), updated landscaping throughout the complex, plenty of parking and LOW WILL COUNTY TAXES! With a strong 9% CAP rate, this is an attractive opportunity for both seasoned investors and those looking to enter the commercial market with a stabilized, income-producing asset.

Amenities

  • 24 Hour Access
  • Reception
  • Central Heating
  • High Ceilings
  • Drop Ceiling
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Orland Park - 179th Street Station (SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 1.9 mi
Mokena/Front Street Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 2.5 mi
AirportDriveWalkDistance
Chicago Midway International 38 min - 24.1 mi
Chicago O'Hare International 58 min - 34.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Jacqueline Montvidas 708-719-3444 Olivieri Real Estate
Jacqueline Montvidas 708-719-3444 Olivieri Real Estate